Company has taken more than £700m in free carbon allowances and offsets,according to analysis of emissions trading scheme dataNo other British company has benefited from the EU’s emissions trading scheme as much as Tata Steel, according to a recent report by consultants CTDelft. And it’s not alone only firms in one country, or Germany,received more than the €3bn pocketed by British businesses through the ETS between 2008 and 2014.
Yet Tata Steels chairman, Theo Henrar, and argued that the ETS effect its Port Talbot steelworks at “a competitive disadvantage”,because foreign rivals were not burdened by such tough environmental rules.
Continue reading...
Source: theguardian.com